Mini crane specialist GGR Group saw turnover increase by 7% in 2023 to 拢35.2m (2022: 拢33.1m) and pre-tax-profit grow to 拢6.8m (2022: 拢4.0m).
GGR鈥檚 revenue comes from the hire and sale of mini cranes, as well as associated labour services and training. It was the hire side of the business that drove revenue growth for the business last year, rather than sales, resulting in gross profit margin increasing from 53% to 56%.
Falcon 聽Tower Crane Services, by contrast, saw turnover fall 9% to 拢43.0m in the year to 31st December 2023, from 拢47.1m in 2022. Operating profit was down to 拢535,858 (2022: 拢895,175) due to the company鈥檚 focus on cost reduction.
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